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Manhattan Skyline | From 'Urb to 'Burb Blog

Tuesday, January 14, 2020   /   by Vanessa Saunders

There's a surprise inside half the condos in those skinny luxury Manhattan towers.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems


You know all those ultra-slender, ultra-fancy tower condominiums that have been popping up out of the Manhattan concrete since 2015? Next time you look at one, bear in mind that half the condos in them are empty. Surprise! No buyers, according to Nancy Packes Data Services. The other half are probably Starbucks that have gone vertical. 

The reason for all the empty rooms over Manhattan: a combination of overly aggressive pricing and a growing public disdain for the skyline-disrupting mansions in the clouds. But really, it's all about pricing.

Comparing the prices of new development units to resale units over the last decade tells the story. In 2012, new units sold for a 22% higher prices than resale units. At the end of last year, the premium was 118%. 

Nancy Packes lists three reasons for the “extraordinary oddity of the current cycle. ”  

According to Packes, buil ...

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  westchester county, manhattan, executive homes, house pricing, manhattan real estate, westchester home for sale, manhattan coop, central park west, condos, westchester condo, coops, manhattan skyline

Thursday, May 30, 2019   /   by Vanessa Saunders

ONE PARK CONDOS, CLIFFSIDE PARK, NEW JERSEY | USA | THE ULTIMATE IN LUXURY

High above the Hudson River with panoramic views of Manhattan and New Jersey, One Park re-defines modern luxury living. This 14-story condominium building is setting a new bar in the luxury real estate market. Owners enjoy the sweeping views through floor to ceiling windows, a glass window wall façade especially designed to incorporate elements of the building’s riverfront location.
Beyond the views, these condominiums with their open living spaces and 50-foot balconies are a paragon of design in residential destination. The eat-in kitchen features a breakfast bar, chefs appliances, and top-of-the-line finishes. It includes Thermador Pro Series stainless steel appliances: a fully integrated refrigerator, gas range and oven, range-top with vented hood, integrated dishwasher and a 24-inch drawer microwave. Polished Cielo Quartzite covers countertops and backsplash over stainless steel under-mount sinks. Custom white lacquer kitchen cabinets are dressed with brushed nickel h ...

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  hudson valley real estate, housing sales, housing sales inventory, new listing, global investment properties, new jersey, manhattan skyline, one park condos, bergen county real estate, bergen county

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258

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The data relating to real estate for sale or lease on this web site comes in part from One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2020 One Key, Inc. All rights reserved.

The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.